This page reflects THO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — THO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $75.00 (5.45 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$4.10
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
599
Nearest expiry
Total Put OI
1,296
Nearest expiry
P/C OI Ratio
2.16
Put-heavy
Spot Price
$69.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$85.00
8/21/2026, 11:28:54 PM
2026-09-18
$80.00
9/18/2026, 11:35:05 PM
2026-10-16NextUpdated
$75.00
10/2/2026, 11:31:09 PM
2026-11-20
$70.00
10/2/2026, 11:31:09 PM
2026-12-18
$75.00
10/2/2026, 11:31:09 PM
2027-01-15
$75.00
10/2/2026, 11:31:09 PM
2027-03-19
$75.00
10/2/2026, 11:31:09 PM
Selected expiration: 2026-10-16 at max pain $75.00.
THO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3267000
3267000
50
0
1973000
1973000
55
0
1406500
1406500
60
1000
865500
866500
65
10000
407500
417500
70
24500
161500
186000
75
81500
71500
153000
80
237500
9000
246500
85
437500
1000
438500
90
662000
500
662500
95
898500
0
898500
100
1136500
0
1136500
105
1384500
0
1384500
110
1657000
0
1657000
115
1939000
0
1939000
120
2221000
0
2221000
125
2510000
0
2510000
135
3088000
0
3088000
160
4583000
0
4583000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.